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by jmmcd
3367 days ago
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> UBI reduces the incentive to work, and risks stranding millions of people in a subsistence living trap, able to just about get by, but cut off from the opportunity for upward mobility, as this essay details well. The claim is prima facie false, so I looked at the source provided ("this essay" is [1]) and it doesn't support that claim AT ALL. [1] https://www.technologyreview.com/s/601499/basic-income-a-sel... |
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If you give 100k people each 10k$ each month, chances are that some of them stop working because they consider it enough.
The same holds for 1k$ but to a lesser extent.
Still, UBI reduces the incentive to work.